Today, the focus of cryptocurrency markets has been on economic data from the United States (US), with particular interest in the effects on Bitcoin. The central role of the dollar in the global financial system causes macroeconomic data from the US to have a direct impact on all assets tied to the dollar. For this reason, investors and analysts are watching monthly inflation data with great care.
The last-minute US inflation data was a long-awaited development in the markets. In particular, the Consumer Price Index (CPI) data, which is critical for the US Federal Reserve (FED), plays an important role in determining the central bank's future monetary policy steps. Here are two critical data that stand out:
US Annual Consumer Price Index (CPI):
Previous: 3.0%
Expectation: 3.0%
Explained: 2.9%
US Monthly Consumer Price Index (CPI):
Previous: -0.1%
Expectation: 0.2%
Explained: 0.2%
The data released show that the annual inflation rate in the US has fallen below 3% and is 2.9%. This indicates that inflationary pressures in the US economy have decreased and the FED may re-evaluate future interest rate hikes. However, this value is still far from the FED's target figure.
Data from the CME FedWatch tool suggests that the probability of a 50 basis point rate cut in September is over 50%, while there is also a possibility that the Fed will cut rates by 100 basis points this year.
Following the announcement of the inflation data, there was significant volatility in the leading cryptocurrency Bitcoin (BTC) markets. The BTC price increased by 5% in the last 24 hours immediately after the announcement and is currently trading at $61,403. In the last 24 hours, the price reached a low of $58,788 and a high of $61,572. The price showed sharp movements during this period, but while investors are waiting for a major breakout, BTC has not yet determined a clear upward or downward direction. These unstable movements indicate that uncertainty continues in the market and investors expect a volatile course in the short term.
The annual CPI coming in below expectations can be considered a positive development. A lower inflation rate could increase the likelihood that the US Federal Reserve (FED) will signal easing in monetary policy. In such a case, Bitcoin prices could increase and investors could turn to riskier assets.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.
WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
